Avoiding Foreclosures with Short Sale Experts

Avoiding Foreclosures with Short Sale Experts

If you're like millions of Americans, the recession is hitting you hard. With unemployment up there pretty high, and more and more companies cutting jobs and hours to stay afloat, many people are finding it difficult to keep their homes. With foreclosures rates as high as they are, many people in southern California are facing angry banks that are gearing up to foreclose on them. There is, however, another option available to you. A short sale expert may be able to help you walk away from the house you find yourself unable to keep. In Murrieta, short sales are more common than you may think. But you may be asking yourself what benefits you'd receive from a short sale. Well, let's look at those real quick. Short sales have a lighter impact on your credit than a foreclosure, both in the short and long term

Short sales allow you to walk away without having to owe anything further

Short sales allow you to be able to purchase another property sooner than a foreclosure would Let's say you took out a loan for you house a few years back for $300K. With the decline of the real estate market, and consequently the decline in your homes purchase value, your home may only be worth $100K now. If owe more on your mortgage than the house is worth, you can do a short sale and walk away without having to take a loss on your investment, or continue to pay the mortgage on a loan for more than your house is worth. If you're in the situation where your home is worth less than you owe on it, you may want to look into contacting a Murrieta short sale expert to help with all the fine details of going through the process. At the very least, they will be able to point you in the right direction.

POST COMMENT

The Short Sale and Foreclosure Stampede How to Buy Foreclosures Newest Secrets st charles il foreclosures Stop Massachusetts Foreclosure: Understand The Various Ways A Way to Find Foreclosure Listings Minimizing the Effects of Your Foreclosure Procedure What Must Be Done To Stop Foreclosure Boston Foreclosure Attorney: Helping You to Halt Foreclosure Facing foreclosure and voting Foreclosure prices continue to decline Search Foreclosures By Zip Code What Is the Best Sources of Bank Foreclosures List Foreclosures By State: Which U.S. Cities Offer the Best Options?